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Bitcoin Futures

BTCUSD Oversold For Now?There's been some significant price action since my last BTC update. As I expected, the market appears to be finding near term support near the December 1st 2020 high, just above 20k. I would expect a near term bounce to find selling pressure above 24k. If the 20300 support level breaks, There is little market structure to lean on to the downside until 12600. FOMC release is in 2 hours at time of writing. I will update this later today, depending on how the market reacts to the interest rate announcement.
CME:BTC1!
by iamroot
Bitcoin 4 hour : as i predict 3 month ago , it reach 20.000 areain 20.000 we have powerful support comes from weekly chart near 20.000 when PINBAR comes in 1hour,4hour,daily chart , dont fear pick buy and hold it 20-30 day to new high with SL in last low personal i belive after bitcoin touch 20.000-18000 will start +up trend to 40.000 if you have sell , close it near 20.009 then wait pinbar for buy if you have old buy , dont fear , dont pick new buy , bitcoin will back to EMA200 daily 40.000 good luck , 20.000 is best place for investor for buy and hold it 6-8 month , bitcoin can back to high 60.000 again in long term
BITFINEX:BTCUSDLong
by ramin_trader2006
3
Bitcoin - BTCUSD eyes 25 000 USD againWith the recent developments in BTCUSD, we do not need to change our bearish bias. Therefore, our price target stays at 25 000 USD. Negative fundamental factors Among the fundamental negative factors weighing on the higher price of Bitcoin is the prospect of the FED pursuing more rate hikes in the U.S. and its reduction of the balance sheet. We expect these factors to strengthen USD and, as a result, weaken BTCUSD. Additionally, we still foresee the weakness in the stock market to which the price of Bitcoin is highly correlated; with more declines, we expect risk appetite to drop even further. Technical analysis - daily time frame MACD is flattening. Stochastic and RSI are bearish. DM+ and DM- are bearish too. Overall, the daily time frame is bearish. Illustration 1.01 The picture above shows the bull trap we hinted at two days ago. Since then, the price of BTCUSD fell over 9%. Currently, BTCUSD trades around 29 400 USD; favorably, we would like to see a plunge below 28 600 USD. That would further bolster the bearish case for Bitcoin. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. Illustration 1.02 The picture shows how Bitcoin failed to penetrate the sloping resistance; instead, it reversed to the downside. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
25
Bitcoin | Be Ready Bulls..!! #BTC/USD (Update) Bitcoin is Forming Descending Broadening Wedge Pattern.. Bitcoin has been Consolidation Between 28-32k Range from last 30 Days. For Bullish Momentum, Bitcoin Bulls need to Reclaim the 32k Resistance. If Bulls lost the 28k Support, Bitcoin Might Revisit the 24k Support Area. (Another Lower Low) In BITCOIN CME Chart, There is a Unfilled CME gap at 36K as well.. According to Classical Bump and Run Reversal (BARR) Formation, If Trendline Got Cleared, We Can see a +30-40% pump in Coming Days. Potential Wyckoff ACCUMULATION.. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
Long
by Faibik
7
BTCUSD: What Does Sideways Consolidation Inside a Trend Mean?Bitcoin has been forming a nice balance area for the past several days. Sideways consolidation after a trend is a stronger indication for that trend to continue than a pullback is. Sideways trading after a strong down trend should be viewed as a pullback that's unable to actually pull back. This is happening because new sellers are entering the market as fast as old sellers are buying back their BTC for profit. Buyers are unable to auction price higher during this phase as they are consistently met with sellers at the top of the range. If the buying support at the bottom of the range is mostly provided by old sellers buying back their positions, then this actually takes buying power away from the market over time. For short term time being, rangebound rules apply as long as we range. Sell the top of the range and buy the bottom. Expect price to eventually break out to the downside and continue the trend. Wait for confirmation of a breakout before transitioning from rangebound trading rules back to trend trading rules. The quicker that you can recognize whether the market state has transitioned from trending to rangebound or vice versa, the more success you will find in trading the market. Trend traders in a rangebound market end up buying tops and selling bottoms and get cut to pieces in the middle. Rangebound traders in a trending market tend to get run over picking tops and bottoms. If you can't identify the current market state, then you don't have a trade. Wait for structure to develop to provide you the context you need to make an informed decision. Trade well everyone.
CME:BTC1!
by iamroot
1
📊weekly overview of crypto market(May 9,2022)📊 🤗😉 What sup GUYS!? 🤘✌️ - in this overview I analyzed both 'Bitcoin' and 'Ethereuem' situation and 'TOTAL market cap' and 'TETHER Dominance' and the possible scenarios -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're a fan of my analyses PLZ follow me ,give a big thumbs 👍 and drop comment 🗯💭
CME:BTC1!
by PRO_SMART_Trader
🆘Is BITCOIN really aim to fill the GAP !? 🤔🤗😉 What sup GUYS!? 🤘✌️ today I'm gonna look at Bitcoin from a different perspective in the CME Futures market, and we can see that bitcoin has recently lost a significant level of pivot Zone and is also trading under the Ichimuko cloud, both of them have made a more difficult situation for Bitcoin and at least should be able to. Return on the top of the pivot zone again to prevent it from falling more. Otherwise, the price may be traded for a short time around current mini gap , and it is likely to move to bigger gap , the lower target and between the range of $24k-$26k . Of course, it is not necessary to fill the price gaps, but history has shown that the price is loyal to these gaps and there is a possibility that it will be filled again. -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're a fan of my analyses PLZ follow me ,give a big thumbs 👍 and drop comment 🗯💭
CME:BTC1!
by PRO_SMART_Trader
Bitcoin - No All-Time-High in sightYesterday, Bitcoin plunged below 39 000 USD. However, the drop was quickly retraced and BTC bounced as high as 41 754.05 USD today. We continue to maintain a relatively neutral stance in the short term as we expect choppy price action to persist for a little longer. However, we are turning increasingly bearish in the medium term. Because of that, we would like to set a medium-term price target for BTCUSD to 37 500 USD. Illustration 1.01 The illustration above shows the upward sloping channel indicated by two white dashed lines. Price can be seen rising throughout this channel, however, the decline in volume accompanies this price action. That signals caution to us. Technical analysis - daily time frame RSI started to turn bullish. MACD and Stochastic are striving to turn bullish as well. Indeed, MACD may perform a bullish crossover soon, which would bolster a bullish case for BTC in the short term. DM+ and DM- remain bearish, with ADX indicating the presence of a neutral trend. Overall, the daily time frame looks less bearish than in recent days. However, we will pay close attention to BTC's ability to move above 50-day and 100-day SMA. Failure to move and hold above these levels would suggest more selling pressure ahead. Technical analysis - weekly time frame RSI is neutral, and the same applies to MACD. Although, MACD remains in the bearish area. Stochastic, DM+, and DM- are bearish too. Meanwhile, ADX indicates no significant trend is present. Overall, the weekly time frame is neutral. Illustration 1.02 The picture above shows simple support and resistance levels. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Editors' picks
BITSTAMP:BTCUSDShort
by Tradersweekly
89
Bitcoin - BTC's volatility continuesBitcoin continues to exhibit choppy price action around the 40 000 USD price tag. However, that does not change our stance on it. We remain bearish with the short-term price target of 37 500 USD and medium-term price target of 35 000 USD. Technical analysis - daily time frame RSI is neutral. MACD and Stochastic are bearish; however, MACD is trying to reverse to the upside. DM+ and DM- are bearish. ADX continues to increase, which signals that the bearish trend is gaining strength. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, and Stochastic are bearish. The same applies to DM+ and DM-. ADX contains relatively low value, which suggests the presence of a neutral trend. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
Bitcoin - Bearish outlookBitcoin fell below 40 000 USD, and we continue to maintain the bearish stance. Although, we would like to change our medium-term price target of 37 500 USD to a short-term price target. Additionally, we would like to set a new medium-term price target of 35 000 USD. Technical analysis - daily time frame RSI, MACD, and Stochastic are all bearish. The same applies to DM+ and DM-. ADX suggests that the momentum of the bearish trend started to increase again. Overall, the daily time frame is bearish and suggests further weakness in the short term for BTC. Illustration 1.01 The fifty-day exponential moving average (blue line) indicates a bearish condition for BTCUSD. Technical analysis - weekly time frame RSI and MACD turned bearish from the prior neutrality. Stochastic continues to be bearish. DM+ and DM- show the prevalence of the bearish trend. Meanwhile, ADX started to increase, indicating that the bearish trend is regaining strength. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
2
BTCUSD: Rangebound Rules Still ApplyThe entire price action year to date has been sideways. There have been attempts to break out of this range but nothing sustained. Longs and shorts can be entered with confidence when price touches either extreme of the range. The successively higher lows suggest that this pattern will eventually break out, but since the rising trendline is very gradual, I'd posit that we've still got some weeks of rangebound trading ahead of us before a wedge breakout. A market that trades in a clearly defined range is the easiest way in the world to make money. It simply requires a little patience. Don't chase momentum. Be greedy with your entries and wait for best trade location at the extremes of the range. Currently we are trading in the middle of the range today, and therefore my bias is neutral as we could go either direction. When price action reaches either extreme of the range the probability is strongly in your favor for price to return to the center of the range. Enter at the extreme and take profit in the center. Stay safe out there everyone. Happy trading!
CME:BTC1!
by iamroot
BTC1! (Bitcoin Futures) - Bullish Double Bottom at Support - 4HRBTC1! (Bitcoin CME Futures) has double-bottomed above $39,500 trendline support (4-hour chart). If support prices hold, Bitcoin could rally over time to resistance prices above. Entry (long): $40,165 Profit Target +7% (exit): $42,915 Stop Loss -3.5% (exit): $38,640 Utilize stop loss, position sizing, risk management. Note: Crypto market has short-term correlations with the USA stock market & tech stocks. Support prices need to hold strong, and bullish continuation is needed to sustain a bull rally. All content is Not financial advice. Trade at your own risk.
CME:BTC1!Long
by NoFomoCharts